Wells Fargo ups dividend, to buy back up to 25M shares

GabrielMadway

SAN FRANCISCO (MarketWatch) -- Wells Fargo & Co.
WFC, -2.71%
on Tuesday increased its quarterly dividend 8.3%, to 52 cents from 48 cents a share. The dividend is payable Sept. 1 to shareholders of record as of Aug. 5. The San Francisco-based company also announced that its board has authorized a stock buyback of up to 25 million shares.

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